Tartalomhoz
Spotlight
Julia Lu, Ru-Woei Foong: Minority creditors beware: the LME may not be a restructuring under European corporate CDS (219)
Features
Jonathan Haines: Can an English limited partnership create a floating charge? (223)
Paul MacMahon: The effect of restrictions on assignment on attempts to grant charges (227)
Helen Pugh: “Not your key, not your coin”: the private key and ownership (230)
Jason Ewart, Thomas McGowan: Control as economics: the new preferred equity playbook (232)
Alexandra Kosta-Foti: Primary and secondary rights in the Quincecare litigation arena: another dimension of the debt versus damages debate (235)
Lee Federman, Danté Adams: The lender’s reset right: change of control in modern exits (239)
Nigel Jones, Thomas Bell: Succumbing to wrongful payment demands: what can borrowers do? (242)
Nicholas U Jin, William Cooke: Tracing through the Ether: legal and technical barriers to cryptoasset recovery (245)
Kate Stephenson, Mallika Abidi: When shareholders sue: a comparative view of the ranking of shareholder claims in insolvency (250)
Lisa Lee Lewis, Sam Krips: Overseas firms carrying out cryptoasset business in the UK: what you need to know (254)
Teen Jui Chow, Alex Forzani: Providence and party intention: the Supreme Court on industry-wide standard forms (258)
Dominic Gregory: Sustainable finance: transparency and its misapprehension (262)
Georgios Pantelias: The EU’s emerging accountability regime: borrowing the SMCR without its foundations (265)
In Practice
Ana Biloglav, Paola Bahari: NAV facilities in 2026: structuring, governance and market practice considerations for sponsors (269)
Robert Brittain: Redressing the balance in competition class actions (272)
Aditi Sanyal, Jennifer Hanna: A new era in the UAE: the significance of removing gambling provisions under the 2025 Civil Code (273)
Cristiano Borgogna: Stablecoins: what could hinder their rise? (274)
Regulars
Book Review by Ross Cranston (276)
Case Analysis by 3 Verulam Buildings (277)
Regulation Update by Norton Rose Fulbright (281)
Market Movements by CMS (285)
Deals (287)
Legal Ease by Lexis+® UK (288)
International Briefing from Canada (290)
Spotlight
Philip Wood: Smart legal opinions, digitalisation and insolvency netting (79)
Features
Fred Hobson, Vanshaj Jain: Guardrails on contractual discretions: navigating the content and consequences of the Braganza constraint (81)
Isabella Lewis: Security over e-money: the form of security and blocking (84)
Rebecca Keating: Low or maximum security? Navigating the risks in taking security over AI-generated materials (86)
Akber Datoo: The “digital” answer is always netting … (89)
Henry Warwick, Benn Sheridan: Credit Suisse v Ivanishvili: the door opens to fraud-on-the-market claims under s 90A FSMA (93)
Karl Clowry: Do divergent terms across European leveraged finance documentation really create misunderstanding, mischief and mayhem? (97)
Ben Smiley, Helena Spector: The fraught identification of the wealthy investor as a “consumer” and/or “professional” (102)
Giulia Paladini, Charles Kerrigan: When code meets compliance: the institutional turn in Decentralised Finance (105)
Andy Vickery, Alex Shopow, Jördis Heckt-Harbeck, Guillaume Malaty, George Gooderham: Unlocking the potential: why the EU needs a dedicated securitisation special purpose entity (109)
Dominic Gregory: Sustainable finance: leaving everyone behind (112)
Vincenzo Bavoso: The growth of private credit in the UK: the “new” threat to financial stability (115)
Phoebus L Athanassiou: Multi-issuance schemes for payment stablecoins: an EU-US comparison (119)
Michael Huertas: Supply chain finance in the EU: Part 2 – fixing enforceability: conflicts of law, true sale and an interoperable e‑notice regime (122)
In Practice
Karan Chopra, Bernard Lung, Tessa Mallia: Acquisition documents: overview of lender considerations (126)
Hywel Jenkins, Ian Thomas, Isobel Salzedo: The shifting focus of regulatory intervention: from enforcement to assertive supervision (128)
Mona Rothwell, Pragesh Sivaguru, Tony Katz: Is “name and shame” here to stay? Court dismisses challenge to FCA’s decision to publicly name (130)
Regulars
Case Analysis by One Essex Court: Mitchell v Al-Jaber and Beneathco DMCC v R.J. O’ Brien Limited (132)
Regulation Update by Norton Rose Fulbright (135)
Market Movements by CMS (139)
Deals (141)
Legal Ease by Lexis+® UK (142)
International Briefing from Finland (143)
Spotlight
Thomas Keijser, Eva Micheler: Digital securities, analog problems: how tokenisation undermines the rights of investors (767)
Features
Scott Ralston: Legislating virtue: unfair relationships in the Supreme Court (770)
Michelle Gilmore-Parry: Challenging the status quo: designated counsel and sponsor blacklists (774)
Richard Hanke: Payback time: when lending agreements are silent on key terms (776)
Ferdisha Snagg, Noah D’Aeth: Loan participations: conflict-of-laws challenges under English and New York law (779)
Isabel Trinca: Losing privilege for iniquity short of fraud: implications of recent s 423 cases (781)
Roger Laville: Debt relief moratoria: important issues for creditors (783)
Isabel Tinsley, Sebastian Oebels, Lauren Kimmel: Financing data centres in the US and Europe: Part 2 (788)
Michael Huertas: Supply chain finance in the EU: Part 1 – lessons from recent failures and the case for a targeted SCF Regulation? (791)
Nick O’Grady, Philippe Bernier-Cormier, Gabby White: Super senior Revolving Credit Facility: a legacy product? (795)
Debashis Dey, Eren Ayanlar, Ola Sanni: Tokenised Islamic finance products: Shariah compliance meets digital innovation (798)
Chris Parrot: An Englishman in New York: English law considerations in New York law credit agreements (802)
Daniela Janikova: Digitising collateral: the LBMA’s digital gold initiative and UCC Art 12 (805)
Dominic Gregory: Sustainable Finance: Newspeak (808)
In Practice
James McGachie, Isla Neil, Morven Henderson: Practical considerations for data protection and cybersecurity when deploying AI (810)
Euan Reid: The transfer of receivables in cross-border fintech securitisations: key considerations for originators (811)
Charlie McGarel-Groves, Kate Patane: 2025: Was consultation involvement key to avoiding regulatory divergence? (812)
Hywel Jenkins, Ian Thomas, Jack Moore: Motor finance: the FCA’s powers, and what the future might hold (814)
Regulars
Case Analysis by One Essex Court and Baker McKenzie (815)
Regulation Update by Norton Rose Fulbright (821)
Market Movements by CMS (826)
Deals (828)
Legal Ease by Lexis+® UK (829)
International Briefing from the Netherlands (830)
Spotlight
Dominic Gregory: Sustainable finance: perspectives on some of the difficult questions (443)
Jeremy Duffy, Richard Lloyd, Samantha Richardson: Documenting SLLs: a comparison of the LMA/LSTA approach to sustainability provisions (447)
Marcus Mander: The “purview” principle in an era of rising interest rates (450)
Darren Littlejohn, Jacklyn Hoffman, Alessia Saracino: Giving notice under an ISDA: lessons learned and potential new approaches (453)
Matthew Padian: Security reinstatement provisions: worth the paper they are written on?
Nick Yeo: Crypto exchanges: the basics (455)
Brad Pomfret: Where does Barton v Morris leave the law of unjust enrichment in relation to payment for services provided under a contract? (463)
Keith Rowley, Elizabeth Ovley: Are leveraged LDI strategies lawful? How the courts would construe reg 5 of the OPSRs (467)
Trevor Borthwick, Alexandra Wood: “Credit bidding” unsecured debt in an administration (471)
Camilla Macpherson: ESG investing: a growing gulf between the US and Europe? (473)
Clarissa Jones: Revisiting the transaction at an undervalue risk to UK covered bondholders (476)
Sarah Green, Matthew Kimber: Law Commission Report on Digital Assets (478)
Peter Dodge: Contributory negligence defences to claims against financial institutions (480)
Simge Aslan: Staking services in insolvency: problems of certainty and predictability (483)
In Practice
Matthew Hodkin: Pillar Two: the global minimum tax and its implications for financing transactions (487)
Joseph Wren, Nick Morgan: The initial margin “big bang”: the aftermath (488)
Delphine Currie, James Wilkinson, Ed Tyler: UK equity capital markets: reforming the listing regime (490)
Regulars
Case Analysis by 3 Verulam Buildings, Selborne Chambers and 4 Stone Buildings (491)
Regulation Update by Norton Rose Fulbright (496)
Market Movements by CMS (499)
Deals (501)
Legal Ease with Lexis+®UK (502)
International Briefings from Spain (503)
